Back to search

Lets Buy 2 Ltd

11222837

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

18-20 FROGNAL, LONDON, NW3 6AG
Incorporated 23/02/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate

Officers

Mr Lakis Michaelides

director · Since 23/02/2018

PROPERTY CONSULTANT

BRITISH · UNITED KINGDOM · Age 61

Also on 4 other boards

Persons with Significant Control

Lets Buy Limited

75–100% shares

18-20, Frognal, London, NW3 6AG

Reg: 02614922 · England & Wales · Private Limited Company

Notified 23/02/2018

Charges2 outstanding

Charge
outstanding

EUROBANK PRIVATE BANK LUXEMBOURG S.A., LONDON BRANCH

Created 23/12/2024Registered 08/01/2025
Charge
outstanding

EUROBANK CYPRUS LTD

Created 29/08/2024Registered 30/08/2024
Charge
satisfied

SECURE TRUST BANK PLC

Created 22/09/2021Registered 05/10/2021Satisfied 29/08/2024
Charge
satisfied

IOSEPH LIMITED

Created 09/03/2020Registered 09/03/2020Satisfied 29/08/2024
Charge
satisfied

SECURE TRUST BANK PLC

Created 31/05/2018Registered 06/06/2018Satisfied 29/08/2024
Charge
satisfied

SECURE TRUST BANK PLC

Created 02/05/2018Registered 09/05/2018Satisfied 29/08/2024

CompanyRankvs 27260+ SIC 68100 peers
52

Financial strength99th percentile among SIC peers · 25/25
Employees81th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.04× · 2/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
Show leaderboard
1Liverpool And Chester Property Company Limited
90
2Associated Property Owners Limited
90
3British And Foreign Wharf Company Limited(The)
90
4White Marble Quarries Limited
90
5Rookfield Garden Village Limited
90
6Abbey Manor Group Limited
90
7Land Management Group Limited
90
8Abbott Bros.(Kent),Limited
90
9Stonewood Securities Limited
90
10Braintree Bungalows Limited
90
27260Lets Buy 2 Ltd
62
How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees12/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity8/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/05/2025

Net Worth

£3.9M

Balance sheet strength

Cash

£75k

Cash in the bank

Net Current Assets

-£5.7M

Working capital

Current Assets

£223k

Current Liabilities

£5.9M

Debtors

£148k

Profit After Tax

-£882k

2avg. employees

Balance Sheet

Bank loans & overdrafts£203k
Assets less current liabilities£29.3M
Prepared with PTP Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.04+£0
20250.04-£882k
20240.25—
20230.41—
20220.87-£2.4M
20210.37-£3.3M
20200.60+£12.4M
201914.60—

Derived from filed accounts. Not audited figures.